Communo Acquires Vancouver-based LocalSolo and Opens Vancouver CompoundThursday, November 22, 2018
Communo acquires LocalSolo in its bid to become a global platform for freelance marketing and digital services industry
Two new VPs based at Communo's Vancouver headquarters in Gastown
Vancouver, BC, November 22, 2018--(T-Net)--Calgary-based Communo announced today the acquisition of Vancouver-based LocalSolo, an online network for top tier freelancers.
The acquisition is the first for Communo, as it opens a Vancouver office, expands its footprint internationally and increases its membership-based community of marketing and digital service professionals and agencies.
LocalSolo has a curated talent network of almost 28,000 member freelancers and over 9,000 employers and recruiters worldwide.
The startup has operated in Vancouver for the last four years and was founded by Mark Fromson, a well-known digital project manager and successful solopreneur, and Stephen Hayes McCoy, a freelance senior development lead.
The entrepreneurial duo now joins the Communo executive team and will be based in Vancouver.
"The marketing, advertising and digital services industry needs a platform that can service its unique needs and this is the first of many strategic acquisitions that will make big progress for our industry," says Ryan Gill CEO of Communo. "There are lots of players, but few are checking all the boxes or making a meaningful impact - together, we can go further faster. We're excited to combine the strengths of the Communo and LocalSolo platforms, members and, most importantly, executive talent. This is just the beginning."
Fromson and Hayes-McCoy operated LocalSolo for 4 years but it needed full-time attention, Fromson says new ownership was needed to take it to the next level and provide the best possible offering to their talent base. They passed on several previous funding and acquisition offers, waiting until they found the right partner.
"We absolutely love the Communo team, their vision and the model. The culture of collaboration and sharing amongst their members is something that's unheard of in our industry and it's refreshing. LocalSolo freelancers are going to benefit from engaging in this community, not just for jobs, but industry connections, professional development and group benefits. It's a huge opportunity for them to grow their businesses," says Fromson.
The announcement follows Communo's launch in Seattle in June, and the opening of a new Vancouver office at Spaces Coworking in Gastown, located at 151 W Hastings St. The Grand Opening event happened last Friday, Nov. 16, from 4-6 pm at Communo Gastown.
The Calgary-based startup also says it is welcoming conversations from the right institutional investors in advance of a planned Series A fundraising round to close in late December 2018. It has already received previous funding from the venture capital firm, Panache Ventures.
LocalSolo will continue to operate as the two businesses gradually integrate operations and member freelancers and agencies choose to join Communo.
Fromson is one of the first champions of the freelance movement. He has become a respected voice in the freelance and agency space, blogging, speaking and supporting tens of thousands of freelancers and employers with industry insight and direct connections. Hayes-McCoy architected and coded the entire LocalSolo platform and has assisted the teams of many agencies and startups as a top contract developer.
Communo PR/ Media Relations
LocalSolo is where business and freelance connect. It is a convenient place to find local and top tier freelancers in 89 of the world's major market cities. It is used by agencies, startups and local businesses who need high quality talent for contract and project-based work.
Communo connects people to projects and projects to people. Founded in 2017 by veteran marketing executives Ryan Gill and Chris Kneeland, it is the only sharing economy platform for marketing and advertising professionals. Highly curated members share work, talent, resources and knowledge through a digital platform and at co-working spaces called Compounds.
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